You are here

Honda says has no plans to offer financial support to Takata

honda240216e.jpg
Japan's Honda Motor Co Ltd on Wednesday said it was not planning to extend financial support to Takata Corp, as a costly global recall of the air bag maker's potentially faulty inflators broadens.

[TOKYO] Japan's Honda Motor Co Ltd on Wednesday said it was not planning to extend financial support to Takata Corp, as a costly global recall of the air bag maker's potentially faulty inflators broadens.

US lawmakers on Tuesday stepped up pressure on federal regulators to accelerate the recall of millions of inflators, citing evidence that Takata manipulated data to cover up problems with its products.

Honda vehicles account for roughly half of the 50 million vehicles recalled over the issue since 2008.

REUTERS

sentifi.com

Market voices on:

Powered by GET.comGetCom